BPCE - 2019 Universal Registration Document

ACTIVITIES AND FINANCIAL INFORMATIONS 2019

OUTLOOK FOR GROUPE BPCE

Insurance: by consolidating our position as a top-tier insurer in • France; Asset & Wealth Management: by confirming our position as a • world leader in active investment strategies thanks to our size, profitability and capacity for innovation; Corporate & Investment Banking: by becoming a leading bank • in four key sectors: Energy and Commodities, Infrastructure, Aviation, Real Estate & Hospitality. In 2020, the Group will begin preparatory work on its next strategic plan, which is to be announced at the end of the year.

to cooperative shareholders: • by furthering its commitments to society and funding the – French economy, in a spirit of responsibility and green growth reflected in the development of responsible savings inflows, the funding of the energy transition, and the reduction of the Group’s carbon footprint; to employees: • by keeping its promise as an employer to develop – employability, simplify the employee experience and promote diversity, by attracting and retaining top talents in the industry. – Finally, by setting ambitious growth targets for our business lines: Banque Populaire: by developing the affinity model, • particularly in the civil service sector; Caisse d’Epargne: by serving all customer segments while • tailoring the sales approach to fit their profile; Banque Palatine: by developing private banking activities while • migrating to a shared IT platform; Financial Solutions and Expertise: by boosting market share in • all business lines;

The Management Report does not address the effects of the Covid-19 epidemic, which had not truly taken hold in Europe when the Management Board approved the financial statements for fiscal year 2019 on February 4, 2019. Since then, the “Outlook for Groupe BPCE” section has been updated.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE